Budget Analyst

• Bachelor's degree with major in accounting or finance.
• Minimum of 2 years' experience in a higher education environment within a college or university setting preferred.
• 3-5 years of analytical experience, knowledge of generally accepted accounting principles.
• Ability to work independently with minimal supervision is required.

a) Administrative Skills- Excellent verbal and written communication skills; self-motivated, resourceful, and able to take initiative; excellent interpersonal skills, including strong customer service orientation; ability to work effectively as member of team.

b) Technical Skills- Must have strong strategic and analytical ability. Strong computer skills, advanced use of Excel. Knowledge of Workday and Strata is desirable. Knowledge of database programs such as Adaptive Insights, and Datatel desirable.

c) Physical Capabilities - The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, stand, and be mobile; use hands to finger, handle or feel objects, tools or controls; and communicate orally. Specific vision abilities required by this job include close vision and the ability to adjust focus.

Reporting to the Director of Budgets and Planning, the Budget Analyst plays a critical role in supporting the Institute's financial planning and budgeting functions. The position contributes to the annual operating and capital budget processes, provides financial analysis and reporting to schools, programs, and administrative departments, and supports multi-year forecasting. The Budget Analyst is also responsible for maintaining and enhancing financial planning models and supporting the Institute's use of Strata and Adaptive systems.

In collaboration with the Director of Budgets and Planning, the Budget Analyst works closely with department and school cost center managers to develop financial plans and forecasts that advance the Institute's strategic and operational goals. By helping leaders understand the key drivers of revenue and expenses, offering analytical insights, and strengthening financial planning processes, the Budget Analyst contributes to improving institutional decision-making and operational efficiency.

This position follows a HYBRID work model, which is subject to Institute policy.

Budget development - 40%

• Work closely with Director of Budget and Planning, support the development of the Institute's annual operating process in Strata.

• Provide technical and analytical support throughout the budget cycle to cost center managers to ensure accurate and complete budget submission. Prepare and distribute budget information to programs and departments in a timely manner.

• Timely review departmental budget submissions in Strata to ensure alignment with institutional priorities and share proposed budget throughout the organization with the Director of Budget and Planning and explain issues, as needed.
• Assist Director of Budget and Planning and consolidate data, develop analyses, and prepare materials for Budget Committee discussions.

• Facilitate capital budget development by maintaining/updating capital budget in Strata, including adding funding to a capital project, and/or helping project managers develop the financials of new capital projects, etc.

• Collaborate with Director of Budget and Planning and MGB Financial Planning team to prepare multi-year financial plans in Strata, including tuition and fee revenue, other revenue, and operating expenses, etc.
• Working closely with the HR Dept, the budget analyst is responsible for ensuring Adaptive Insights Employee model is accurate and up to date.

Financial modeling & analysis - 30%

• Meet cost center managers on regular basis and act as an advisor to them by reviewing budget assumptions, identifying risks and opportunities, and gathering operational insights to inform the budget and forecast.
• Provide guidance to departments on budgeting processes and financial best practices.
• Provide monthly revenue and expense analysis to support Director of Budget and Planning on financial projections.
• Work closely with departments on reviewing the scorecard and variance analysis in Strata Management Reporting module. Investigate larger variances and collaborate with departments to understand key drivers. Recommend corrective actions or budget adjustments as needed to Director of Budget and Planning.
• Train new cost center managers in required commentary in Strata.
• Perform financial analyses to support the budget and multi-year planning cycles.
• Develop ad-hoc financial models and manage projects in support of financial planning, budgeting, and strategy, as needed.

System support - 20%

• Assist Director of Budgets and Planning train users on Strata modules and available reports both in Workday and in Strata.
• Assist Director of Budgets and Planning to maintain the Strata budget model, including budget assumptions, personnel data, and other key inputs.
• Ensure accuracy of financial data and troubleshoot system issues along with MGB Strata team.
• Support budget system upgrades, testing, and process improvements.
• Timely update in Adaptive Insights to ensure accuracy of financial information to support projection and forecast.

Collaboration and Communication - 10%

• Serve as a budget liaison for departments and program leaders.
• Promote financial literacy and understanding of budget concepts to broader IHP community.
• Participate in cross-functional planning or process improvement teams.
• Other duties as assigned.

ABOUT MGH INSTITUTE

MGH Institute of Health Professions is a graduate school in Boston that provides entry-level and post-professional programs in Nursing, Communication Sciences and Disorders, Genetic Counseling, Occupational Therapy, Physical Therapy, and Physician Assistant Studies. The PhD in Rehabilitation Sciences and a PhD and Master of Science in Health Professions Education have been added in recent years along with two new programs: Master of Health Administration in Leadership and Master of Science in Healthcare Data Analytics to meet rising demand for highly educated health care professionals, educators, and researchers. Integrating classroom learning with research and clinical experience, the Institute grants doctoral and master's degrees, awards certificates of advanced study, and offers continuing education to practicing professionals.

MGH Institute of Health Professions is the only degree-granting affiliate in Mass General Brigham (MGB), the largest private employer in the Commonwealth of Massachusetts. The Institute has been recognized multiple times by The Chronicle of Higher Education as a "Great College to Work For." A leading health sciences educational institution, MGH Institute provides students with outstanding academic programs, many of which are ranked among the best in the nation.

MGH Institute of Health Professions has announced an organization-wide anti-racism initiative to think boldly about race and bring together all members of the Institute community to address systemic racial injustice as well as oppression more broadly. The plan seeks to create a supportive and inclusive campus environment and better support the diverse communities the school serves. We are excited about this initiative and are hiring employees who are committed to justice, equity, diversity, and inclusion and will contribute to our anti-racism and anti-oppression approach.